Taiwan's industrial output rises on holiday demand

JennyW. Hsu

TAIPEI--Taiwan's industrial output growth accelerated in November, driven by orders for components from smartphone, tablet and panel makers ahead of the year-end holiday season, the Ministry of Economic Affairs said Monday.

Industrial output in November grew 5.85% from a year earlier, largely in line with a median 5.2% increase forecast earlier by nine economists polled by Dow Jones Newswires. Industrial output in October was up 4.84% from a year earlier.

Industrial output is an important gauge of the export-dependent island's economic health. Taiwan is a major producer of semiconductors, personal computers and flat panels. Local companies such as Hon Hai Precision Industry Co. and TPK Holding Co. supply components to global electronic giants including Apple Inc. The island also produces a range of petrochemical products.

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